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Kinross opens wallet
posted on
Mar 11, 2010 11:39AM
K has a friendly offer to Underworld to acquire 100% of the company and a project 60 miles south of Dawson City. The offer has an effective 36% premium on Underworld SP. Total cost to K is 140 mil. A neighbor company, HMI, has risen 50% so far today. I hope this moves us up one spot on the K speed dial.
